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If you dream to be a good cryptocurrency trader, you need some most essential technical skills to analyze the market situations based on historical data and trading volumes on different trading platforms. If you are a beginner in cryptocurrency trading, do not worry, these articles attempt to demonstrate essential techniques to perform technical analysis. Technical Analysis It is a process to study cryptocurrency market conditions based on historical data and trading volumes by applying different analytical tools. Technical Analysis is a practical approach to help traders to make further trading strategies because it is responsible to change market psychology. It does make the sense because the majority of traders follow the previous trends and chart patterns to make further moves. Key terms to understand 1. Trends and trend lines Bullish Trend: It is also known as an uptrend. In a bullish trend, the price of cryptocurrency is going up. Sideways trend: In this sideways trend, the price of assets neither falls nor increases. It just follows a horizontal path. Bearish Trend: It is also known as a downtrend. In a bearish trend, the price of cryptocurrency is going down. Trend Line It is an abounding line to show price movements from low to high. Have a look at the figure. 2. Support and resistance It is extremely important to understand these two terms:- Support: It is a lower level at which the bearish trend is expected to be paused and the price rebounds to that mark. Resistance: It is the highest level at which a bullish trend is expected to be paused and price reverts to that mark. 3. Moving Averages Traders analyze the market momentum by locating the moving average. It helps to identify support and resistance levels for some specific time frame. How to read Candle Sticks charts? Every candlestick in a trading chart consists of opening and closing prices. Bullish vs Bearish Bullish Market: In this type of market, buyers compete with each other to grab orders by setting the higher price mark. You can see bullish candles going up. Bearish Market: In this type of market, sellers compete with each other to grab orders by setting the lower price mark. You can see bearish candles going down. Volatility Check Generally, cryptocurrency markets are volatile in nature. Have a look at following diagram. Overbought and Oversold Overbought:-It is the state of the market when cryptocurrency is massively bought and it will be the best time for a trader to sell his asset. Oversold:-In this state of the market, sellers sell their assets at the cheapest rate and it will be the perfect time for a buyer to purchase cryptocurrency at the cheapest rate. Trading volume and price connection Keep it in your mind, the bigger the trading volume, the better will be price trend for cryptocurrency. Have a look at the following chart. Conclusion:- In essence, Technical Analysis is done according to already available data. Sometimes, it may fail to predict market momentum correctly and in that condition, beginners could lose important opportunities. So it is better to perform according to situations. Thank You😊!

In this article, I am going to perform a cryptocurrency market analysis for top-ranked cryptocurrencies by using so many analytical tools and already available data. Also, you might find some direction to determine the upcoming crypto market behaviors, and maybe it helps to find good investment opportunities. Individual technical analysis for all cryptocurrencies will not possible in this single topic so especially for BTC/USD, I am going to perform technical analysis with a forecast. So many guys are facing difficulties to understand how technical analysis is performed. If you are still a novice in Technical Analysis, I expect you guys to read this topic. I have really tried my best to make the language as simple as possible but if you are still facing difficulties to understand something in this topic, you might ask me questions in a comment. So let's get started, read slowly by observing all the chart, I think you say aH-Ha at the end. Market Overview When Bitcoin was created for the first time with blockchain technology, over time it has inspired so many altcoins to come into this existence. Bitcoin blockchain size is rapidly increasing and the current Bitcoin blockchain size is reported to be 302.22GB. It indicates how Bitcoin is gaining a reputation from the community. You can have a look at the increasing size of the Bitcoin blockchain since its creation in the following chart. The higher the Bitcoin blockchain size, the higher is the use cases of Bitcoin in this world. I have created this chart based on the Bitcoin blockchain size 2010-2020 published by Shanhong Liu Just like the Bitcoin blockchain, the size of other blockchains is also rapidly increasing. We have seen strong growth in the global cryptocurrency markets especially during 2014-2019. If we check the historical data, 2018 was the special year for the global cryptocurrency market as the total market cap reached approx. $440.762B. In 2020, Crypto Market faced so many obstacles and up-down. The notable factor to cause a massive price drop of most the cryptocurrencies in 2020 was the COVID-19 outbreak. Due to the pandemic, Bitcoin's price was seen under the $5000 mark. Despite the COVID-19 outbreak to compromise the usage of blockchain solutions in the cryptocurrency markets, total spending amounts in cryptocurrency will still remain at a higher mark than the previous year. Like in previous years, again Binance, Coinbase Pro, Kraken, and Bitfinex were the key crypto exchange in 2020. Global Crypto Adoption Index According to blockchain analysis company Chainalysis, the crypto adoption rate is increasing all over the world. The company has proposed the Global Crypto Adoption Index(GCAI) by considering the parameters and metrics like cryptocurrency adoption rates all around the world, cryptocurrency usage patterns, and crypto spread towards the different wallets. GCAI exhibits the number between 0-1 and Ukraine is the leading country with a score of 1. Chainalysis has involved 154 countries to show their individual GCAI score. The increasing global cryptocurrency adoption rate is a good sign of more cryptocurrency trading opportunities. So I involved this Index in this article for consideration. Source:-Chainalysis Total Market Cap of cryptocurrency The current Total Marketcap is approx. $440.762B, Highest Marketcap was approx. $761.057B was reported on Jan 06, 2018. Current Total Marketcap Excluding BTC $150.013B, Highest Marketcap was $502.527B on Jan 06, 2018. Total Market Capitalization Dominance Bitcoin is dominating all other cryptocurrencies in the case of total market cap and 24-hour trading volume. Source:-Tradingview If we locate the current statistics, it is clearly seen more than 66.02% of the total market cap is occupied by Bitcoin in the cryptocurrency market. Ethereum, Tether(USDT), and Ripple(XRP) are at second, third, and fourth positions with 11.17%, 3.82%, and 2.61 % of the total market cap respectively. I have designed this chart based on the real-time (11-6-2020) data provided by Tradingview So these are the brief statical overviews of the cryptocurrency market based on history and already available data. This information also helps us to make further trading strategies. Market analysis for BTC/USD If we locate the Jul-Nov 2020 chart for BTC/USD, it is clearly seen, the market has been experiencing ups and downs. The price of Bitcoin is following the less volatile market during Jul-Aug. In September, the chart exhibits a massive oversold or bearish market. The current price of Bitcoin at the time of writing is around $15,490.85 and it has followed the overbought market(Bullish) on Nov 05. You can see in the chart, overall, the market is following the bullish trend over the past few days. Today, it is seen, the market is following quite bearish and it can find support around $13520.22. Take a look at the following chart. Some Analytical Tools Moving average convergence/divergence (MACD) MACD (blue) crossed to be above the signal line so traders may purchase Bitcoin. (Note:-If MACD is appeared to be below of Signal line then the trader may sell their BTC holding). Caution:-MACD exhibits so many reversals that may not occur. Sometimes traders may get confused to predict the real price reversal. Relative Strength Index (RSI) RSI value is seen as 83.91 that is above 70, indicates market behavior is bullish. Caution:-RSI is not always helpful to predict the right market momentum sometime it can exhibit false signals. The moving average(MA) As you can see in the following chart with three MA 5,8, and 13 close respectively, strong support for Bitcoin can be $13520.22. The moving average (MA) Cross Currently, MA is seen above the Smoothed Moving Average (SMMA), which indicates the market is following a bullish trend. MA(50,200) Crossover The golden cross(Bullish crossover) isn't currently seen in the chart. You can see MA 50-day is moving above MA 200-day that still helps us make trading strategy like the market is following bullish trend. The on-balance volume (OBV) The price of BTC is seen slightly falling so OBV is flat-lining. Know more about OBV here. Crypto Fear and Greed Index This index shows the value between 0-100. The index helps to predict possible market behaviors for significant cryptocurrencies. If you observe Index value 0-50, indicates fear(Bearish or Oversold market). If you observe Index value 50-100, indicates greed (Bullish or Overbought). Check details in this topic. So current CGFI value is 88, which means it indicates extreme greed i.e., the market is bullish and it can be an excellent time to sell your holdings. Conclusion:- Based on already available data, it is seen the usage of blockchain solutions is increasing day by day. The global adoption rate of Bitcoin and other cryptocurrency is increasing (Circulating supply of Bitcoin and other important currencies are finding their way to the wallets of small investors) which is a good sign future of the cryptocurrency market. In the case of current Bitcoin and other cryptocurrency markets, the market is following a bullish trend. Thank You!

Guys, I have learned some crypto trading indicators such as Williams Fractal and SMI Crossovers. I want to know which indicators are simplest and most perfect to use. Please write down name of the Indicator you are using and it really makes you profit and not hard to use.

I never saw anyone predicting anything right on Tradingview. Just lines and triangles and it did just do the complete opposite of what they were predicting. Also My years of trading cryptocurrencies have showed me that TA is nonsense. Is it different your experience?

Dear All, I will like to say thank you for reading my posts. In this topics I will be sharing some insight into expected price levels on different securities where we can look for reactions to either BUY,SELL,TAKE PROFIT or EXIT our positions. So I will encourage you to sitback and relax for various trading opportunities. Also I will like to point out that this is for information and educational purposes only. If you have not traded, I will implore you to note that as much as there is huge rewards so ALSO IS THE RISK OF LOSS THAT IS POTENTIALLY POSSIBLE. Therefore aim to ask question and learn how you can mitigate against such challenges. My 1st POST will be on BTCUSD Above is the Monthly Chart of BTCUSD currently trading @ $10688 at the time of writing this. I want to call your attention to some timings. 1st Last Month Trading activities shows a lack of upward directional continuation which ended up in an indecisive months and the expectation of the, New Month of September can potentially be bearish especially failing to close above in those price zone of $11750 and $13965. Having note that Technically this Month of September Bearish tone is likely going to continue if we close below 10559 low of last month(Important Reference Point to Note) For now we are in potentially postive territory as we are trading above 10559 @ 10688. Look forward to the lower timeframe analysis of BTCUSD n my next post.

BTC just bounced from MA 200 but do you think that support is going to hold? I am extremely bullish right now on it, but my altcoins did take quite a beating and i am still regretting not selling those before but i guess i can't predict everything. At least my alts are long time solid in fundamentals so they are bound to rise some day. At least i am hoping so.

Predictions i am about to make here may sound unbelieveable, but as long as i have been in this scene, everything so far in has been unbelieveable. Potential Let's start by discussing potential. How much could bitcoin could grow realistically, or the total total crypto marketcap with it? First thing i do when i try to estimate valuation for an asset, i try to look if it has any competition and their marketcap, and how far the competition has risen so far. Then i try to figure out if my chosen asset has any changes of challenging the competition. And if it does, it technically could get at least a part of that marketcap if it doesn't even beat the competition. But when we look at the BTC or ETH for example, we have nothing in the past to compare them with. People are often saying that BTC is like digital gold, but it's really not. Gold can't compete with cryptos because usecases of gold are very limited compared to BTC or ETH. We might look for other past innovations to try to figure out what cryptos could be worth, but there are none, except maybe the internet. But we aren't competiting with the internet, infact bitcoin or eth might just become as valuable part of the internet as HTTP. Most people use HTTP every day without knowing what it is. Just like peoplewill use BTC without knowing what the Bitcoin protocol is or how it works. But because i think cryptos or even just bitcoin will be more valuable then gold, let me show you how that would look in the chart and how much we would have to rise. I will first do my prediction with the btc, with a simple TA and then try to implement that growth rate to total market marketcap because alts will follow bitcoin. Implementing that growth rate to total crypto marketcap: 25,300,000,000,000 marketcap is not bad.. Following my BTC prediction, we would go over gold marketcap with a bang, in fact, to show how huge that rise is, let me show you regular chart instead of logarithmic, just to get some perspective: Looking it like that makes you think that the rise will be impossible But my intuition says that what we have seen now is elliot wave third leg playing out and 300k is more then possible, and if altcoins follow with that rate If my math is correct, i am getting around 22% mc dominance for BTC, which sounds right And that that means there will be lot to share with altcoins. Last time ETH had around 14% dominance at the peak, And even if it has 10% this time, with current circulating supply ($2,530,000,000,000 / 113467501) that would make 1 ETH worth around $22297. So, good time ahead. But like i was saying, comparing btc or cryptos to gold is pointless. Because the value comes from the usecases. How many usecases will cryptos have? Will they be developed enough to be able to secure supply chains, disrupt voting, id, banks? How many other innovations will it disrupt? And if we want it keep such a system secure, how much are we willing to pay for protecting the chain? Wouldn't those coins need to be insanely valuable? When we were crashing last time in 2018, alts crashed hard and i heard people saying "This time it will be different". I thought it was a sarcastic joke, based on the past. But when i lately looked at things, they have changed, a LOT. During 2014-15 people were scared that this thing might not work out. And for most coins it didn't. People involved were more or less sketchy to outsiders, companies were small devs were pseudoymous, and the whole scene was unorganized. Bitcoin was more like gras roots geek money that most people didn't understand. Now we have actual institutional investors trying to get bigger and bigger marketshare, some coins are developing tech to disrupt the current stock exchanges. And regulators coming in left and right. Fundamentals are stronger then ever. We need to realize that this is a whole new ball game now Things that could hold us back With this comes things that many people will hate. FATW travel law will be one of them, kyc will probably be mandatory in most CEX and there will be no such thing as anonymous holding. Because with every fiat ramp there will be id check and you probably will have to prove where you got your cryptos. Cryptos like monero could be cracked, or just unaccepted. They will regulate all cex:es or regulated cex won't accept deposits from unregulated cex. It will be most likely the end for some people who were in this space for ideological reasons. They also might "split" the chain to clean and shady coins, and shady coins would will keep rotating in dark markets just like fiat money. We are living the best possible time to invest. So have fun while this last.

A very common and very serious mistake, which I must admit that I made in my beginnings, is to adjust the Stop Loss to the size of the position and the risk I am willing to assume. Example: I am willing to lose $ 100. I determine that each point that moves the price is worth $ 10, therefore my Stop I put it to 10 points of the entrance. I have not put it there because it is the right place that the previous analysis has indicated to me. In these cases, what happens is that the price touches your Stop 9 out of 10 times, even if your analysis is correct and you are in the right direction. It is psychology rather than technique. Another example to finish: with respect to the previous one, if you know that the stop will be flown 90% of the time, understand that the Market Maker seeks to liquidate "high leverages", and hunt stops, that is why your stop has to be related with your entry more than everything in the wick and adjust it to a price that is far away, so that if your trade goes wrong it will be really invalidated and not hunted by the creators of the market.

Eur/CHF: Bullish (buy) EurCHF: The pair is rebounding from the maximum support of 1.05023 levels and therefore it is preferable to buy from those levels according to the conditions to be mentioned: EurCHF respects the levels of support indicated and rises every time it reaches it where there are candles (Price Action) represented by candles indicating the ascent appear on time frame four hours and the hour and with a very strong selling saturation when Stockastic Oscillator and RSI | Mention it above and take a buy back from another support level at 1.05023-1.06005 The condition of the appearance of purchase signs and the areas specified is not a pending order but areas that can reach the price and then bounce and rise with the appearance of signs of buying or selling for example saturations or fluctuations or price action etc... Personally, I prefer to buy more than sell and targets on gart and with the closure of part of the contract in case of profit.